In times of economic change, the moment has come to analyze one's own spend cube and to review the supplier portfolio built up over previous years with regard to cost savings and relevance.
Due to the decline in demand caused by the economic downturn, previous seller markets are turning into procurement markets. This results in changing conditions per se and, in particular, falling procurement prices. Without taking these circumstances into account, supplier relationships that were established in the upswing to this point to secure capacities cause excessive material and process costs, quality problems and an inadequately broad supplier portfolio. In the case of suppliers, on the other hand, global overcapacities arise and can be used to reduce material costs.
But how can companies exploit the potential now emerging in the short term and realize corresponding cost reductions? The use of TMG's Big Data- and AI-supported Digital Sourcing approach is particularly important here. The method makes it possible:
by means of
Using this material cost reduction approach, we offer up to 100% variabilization of the TMG consulting fee based on the savings achieved. Realize short-term savings in purchasing – without risk!
We would be pleased to present our approach and our service portfolio to you in a personal meeting. As a partner of well-known family-owned companies and corporations as well as their suppliers, we have been assisting our customers for more than 30 years in various topics along the supply chain, from organizational and strategy development to process and system design to the implementation of excellence concepts.
If you have any questions or suggestions regarding this TMG IMPULSE, or if you have general questions regarding digitalization, purchasing and processes, we will be happy to hear from you at any time! Please do not hesitate to contact us.